Outstanding investment and redevelopment opportunity on approximately 0.55 acres with Medium Scale Housing zoning, offering excellent potential for a 32-unit apartment development (buyer to verify development plans with the City of Vernon).The property includes a well-maintained 3-bedroom home currently rented for $2,600 per month to clean, reliable tenants, providing immediate cash flow while development plans are finalized. This is an ideal holding property for developers and investors looking to generate income throughout the planning process.
Strategically located on Okanagan Landing Road, the property is just minutes from Okanagan Lake, schools, parks, shopping, public transit, and downtown Vernon. Positioned within one of Vernon's fastest-growing areas, this site benefits from strong demand for higher-density housing and excellent access to amenities. Whether you're an experienced developer or an investor seeking a high-potential land holding, this property offers an exceptional opportunity to secure a Medium Scale Housing development site with existing rental income in a highly desirable location.
For sale
C$1,150,000
5565 Okanagan Landing Rd, Vernon, BC V1T 7A6
3beds
1,630sqft
Single Family Residence
Built in 1964
0.55 Acres Lot
$-- Zestimate®
C$706/sqft
C$-- HOA
What's special
- 1 day |
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Zillow last checked:
Listing updated:
Listed by:
Graeme Magee,
Coldwell Banker Executives Realty
Source: Association of Interior REALTORS,MLS®#: 10395031Originating MLS®#: Association of Interior REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Main
- Dimensions: 12.00x11.00
Bedroom
- Level: Lower
- Dimensions: 12.00x9.00
Bedroom
- Level: Lower
- Dimensions: 24.00x12.00
Basement
- Level: Lower
- Dimensions: 24.00x13.00
Dining room
- Level: Main
- Dimensions: 14.00x12.00
Other
- Level: Main
- Dimensions: 0 x 0
Kitchen
- Level: Main
- Dimensions: 12.00x8.00
Laundry
- Level: Main
- Dimensions: 7.00x5.00
Living room
- Level: Main
- Dimensions: 23.00x12.00
Heating
- Forced Air
Cooling
- None
Features
- Basement: Finished
- Has fireplace: No
Interior area
- Total interior livable area: 1,630 sqft
- Finished area above ground: 858
- Finished area below ground: 772
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 0.55 Acres
Details
- Parcel number: 012285765
- Zoning: MSH
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1964
- Major remodel year: 2024
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Vernon
Financial & listing details
- Price per square foot: C$706/sqft
- Annual tax amount: C$3,749
- Date on market: 7/21/2026
- Ownership: Freehold,Fee Simple
Graeme Magee
Graeme Magee
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Price history
Price history is unavailable.
Public tax history
Tax history is unavailable.
Climate risks
Neighborhood: V1T
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
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